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Key Factor Supporting Global Strategy Management Software Market Development in 2025: The Rise of Remote Work and Its Impact on Strategy Management Software Market
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Strategy Management Software Market Size By 2025?
The market size for strategy management software has been rapidly expanding in the last few years. It is predicted to enlarge from a value of $2.79 billion in 2024 to $3.16 billion in 2025, showing a compound annual growth rate (CAGR) of 13.3%. The previous growth is notably due to heightened attention towards strategic planning and execution, the emergence of project management and OKR (objectives and key results) systems, swift digitisation along with the embrace of cutting-edge technologies, a heightened appetite for successful time management, and scalability and flexibility, as well as a renewed emphasis on strategic planning and implementation.
How Big Is the Strategy Management Software Market Size Expected to Grow by 2029?
The market size for strategy management software is set to experience quick expansion in the coming years, growing to $5.25 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 13.5%. The surge during the projection period can be credited to increased competition and customer disruption, a heightened focus on efficiency and transparency within organizations, and climbing demands for this type of software across various sectors. There is also a rising desire for central administrative control within enterprises. Notable trends during this period of prediction include continuous progress in artificial intelligence, technological innovations, the utilization of cloud-based solutions, an emphasis on employee involvement, and product advancements.
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Which Key Market Drivers Powering Strategy Management Software Market Expansion and Growth?
The strategy management software market is poised for expansion due to the rising need for remote work. Remote work, or telecommuting, allows employees to carry out their tasks outside conventional office environments, generally from a site that's not their employers' physical place of work. It allows businesses to hold virtual strategy planning and discussion sessions, bringing together colleagues from varied geographical locations without requiring travel. Strategy management software comes into play by making these sessions run more efficiently for remote teams, by offering a unified platform for idea exchange, brainstorming, and decision-making. To mention an example, Upwork Inc., a US freelancing platform, projected in August 2023 that around 22%, or 36.2 million of the US workforce, would be working from home by 2025. Hence, the surge in remote work is fueling the growth of the strategy management software market.
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Which Fast-Growing Trends Are Poised to Disrupt the Strategy Management Software Market?
In the strategy management software market, prominent companies are concentrating on creating strategic alliances in order to deliver dependable services to their clients. Typically, strategic alliances are mutually beneficial partnerships between two or more entities, often businesses. For instance, a collaboration in March 2022 between The International Business Machines Corporation, a technology firm based in the US, and Flexera Software LLC, a computer software firm also based in the US, resulted in the launch of AIOps Solutions aimed at expanding AI-driven automation strategy. IBM AIOps allows companies to safely cut IT costs while maintaining application performance. IT operations can be streamlined, optimized, and made more effective and efficient using AI features such as anomaly detection, predictive analytics, and event correlation offered by the solution. IBM AIOps Solutions are designed to enhance standard tasks and processes, cleverly identify patterns, automate problem identification and resolution in IT operations, and provide insights to refine IT operations.
What Are the Emerging Segments in the Strategy Management Software Market?
The strategy management softwaremarket covered in this report is segmented -
1) By Type: Cloud-Based, On-Premise
2) By Component: Solutions, Services
3) By Platform: Mobile Devices, Desktops
4) By End-user: Banking, Financial Services and Insurance (BFSI), Automobile, Healthcare, Government, Logistics and Transportation, Manufacturing, Media and Entertainment, Information Technology and Telecom
Subsegments:
1) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud
2) By On-Premise: Installed Software, Licensed Software
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Who Are the Global Leaders in the Strategy Management Software Market?
Major companies operating in the strategy management software market report are United Parcel Service Inc., accenture* Plc, Kuehne + Nagel International AG, Oracle Corporation, SAP SE, Schenker AG, C.H. Robinson Worldwide Inc., Tagetik Software Srl, Werner Enterprises Inc., Rhythm Systems, Kaufman Dolowich & Voluck LLP, JDA Software Inc., Hall and Associates, Planview Inc., BluJay Solutions Inc., Ceva Logistics Inc., MercuryGate International Inc., Prophix Software Inc., McLeod Software, Riege Software International GmbH, Responsis Pty Ltd., SmartDraw Software LLC, Logisuite Corporation, Envisio Solutions Inc., M3 Planning Inc., Linbis Inc., Footage Firm Inc.
Which are the Top Profitable Regional Markets for the Strategy Management Software Industry?
North America was the largest region in the strategy management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the strategy management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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